Chief executive Alexis George conceded the market reaction to a new partnership with a UK neobank was disappointing, as shares in the AMP fell by up to 15%.
Andrew Cornell
Associate editor, banking and finance
Andrew is a multi-award winning journalist, including a Walkley for analysis of the global financial crisis, and was founding managing editor of ANZ bluenotes, Australia's first corporate newsroom. He is a former associate editor and north Asia bureau chief for The Australian Financial Review and author of several books on business and Japan.
Contact Andrew via email or Signal.
The banks have too much capital and not enough to do with it. The sector is clearly ex-growth and went downhill into the second half. So where now?
When you process mortgages and your name is a homonym of TikTok, confusion is inevitable. So Tic:Toc - not TikTok - is now Tiimely.
Several banks have expressed concerns that critical competitive material including board papers and commercial decisions will be available to rivals as a result of ANZ's Suncorp Bank appeal.
ANZ's Shayne Elliott says the big four bank delivered its "best ever" profit. Investors disagreed, and one analyst said the lender is underperforming its peers.
Once notorious for surprising and messy results, NAB now delivers pretty much exactly what investors expect. It's the economy that's the issue.
The global banking regulator is monitoring Big Tech's push into the financial system, but it warns against measures that might stifle innovation and cheaper finance.
Australian payments lag leading markets globally. French payments giant Worldline says there are opportunities to rationalise and to scale.
Westpac is the latest big bank to announce a share buyback. Here's what that's telling us about the economy.
Investors loved the Westpac result but a much weaker second half and a very ambitious tech renovation program provide warning signs beyond a welcome share buyback.
After a dire fintech winter, nascent signs of activity and investor interest are warming the hands of those in the sector.
Shemara Wikramanayake tells Capital Brief she isn't worried about the backlash against woke capitalism and sees green opportunities ahead.
Market volatility and rising geopolitical risks have made the upcoming earnings season for major banks much more unpredictable.
Five years on, the New Payments Platform is gaining momentum with the RBA pushing, fintechs innovating and legacy systems disappearing. But is it delivering?
Cloud storage may be boring but it's huge and getting bigger — and for Wasabi Technologies founder David Friend a rational step from working with Led Zeppelin and George Lucas.
For the financial mainstream, crypto is a parallel universe. But they see massive opportunity in bringing blockchain and tokenisation to real world markets.
After much fanfare, the Consumer Data Right in banking is doing ... not much. Now the ACCC is making veiled warnings of greater regulatory enforcement.
The yield on US 10-year treasuries hit 5% overnight. But does that number — and other key levels closely watched by financial markets — really matter?
The Sam Bankman-Fried trial has only heightened doubts about crypto's credibility and boosted arguments for regulation.
Banking one in five Australians and a major force in innovation, customer-owned banks face scale challenges, particularly in the cost of regulation, says COBA CEO Michael Lawrence.
Investors expected a poor BoQ annual result but it was even worse than that. CEO Patrick Allaway insists the bottom is near.
Global bank regulators are reviewing capital and liquidity in the wake of this year's bank failures but have flagged closer attention to supervision - and social media.
Physical currency seems inevitably on the path to extinction as digital payments and crypto currencies rise. But what exactly do we expect from "money"?
For the better part of three decades, the big banks have been mainstays of balanced portfolios. But their stress-free status is now being seriously challenged.
US benchmark bond yields hit 16-year highs last night and look set to stay higher for longer. This makes Australia vulnerable, in more ways than one.
The prices of European luxury goods shares and street food both provide useful cues about strength of economies in Asia.
Businesses rushing to adopt generative AI in their workflows face significant risks — including from inaccuracy. Fortifai aims to measure this.
Dan Andrews will be remembered as one of Australia's most divisive leaders. But he knew how to meme.
Suncorp Bank boss Clive van Horen has been poached to run Colonial First State. He was considered a potential future CEO of ANZ, and the move could speak volumes.
Visa's index of domestic spending flags a new front of economic pressure as non-discretionary spending grows and use of credit cards increases at the expense of debit.
So-called AT1 capital, designed to buffer banks under stress, has proved controversial overseas and will now be reassessed in Australia by APRA.
In the past, big companies were core clients of Westpac and ANZ, a key point of difference. Now, as home lending peaks, they're telling investors the big end is back.
AI, crypto, ESG, regtech are all attracting interest from fintech investors but the critical mass in the sector still sits within a single market: payments.
It’s safe to assume crypto and decentralised finance were not at the top of the list of Michele Bullock's priorities as she took the reins at the RBA today. But warnings from global regulators suggest it's not something to sleep on.
Competition authorities want more smaller banks in Australia. But economic forces are driving mergers and acquisitions to deliver scale.
Commonwealth Bank's business bank doesn't match its retail clout but head of business lending Grant Cairns says investment, technology and data is closing the gap.
As ANZ and Suncorp eye an appeal over their rejected banking deal a key question remains unanswered: What role will Bendigo and Adelaide Bank play in the process?
Its brand once dominated city skylines and the financial system. Now as a smaller version of AMP emerges from an era of scandals, Alexis George has a plan to restore it.
The Australian Business Growth Fund, led by Anthony Healy, is hitting its stride and building a diverse portfolio of stakes in SMEs.
A slower economy, high inflation and rising rates typically spell trouble for bank credit. Not this time. Kevin Corbally explains what's really happening. And what is keeping him awake.
